Palm futures seen steadier next week

Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives are likely to be steadier next week, extending last week's uptrend, dealers said.

They said the positive fundamentals of the commodity would help push prices higher.

Cargo surveyors, Intertek Testing Services and Societe Generale, will release their export data for Oct 1-15 on Monday, and they are expected to have bullish effects on the market.

On a Friday-to-Friday basis, October 2011 added RM74 to RM2,860, November 2011 increased RM110 to RM2,888, December 2011 gained RM134 to RM2,906 and January 2012 climbed RM138 to RM2,915 per tonne.

Total volume fell to 112,767 lots from 164,498 lots last week while open interest rose to 143,338 contracts against 139,108 contracts previously.

On the physical market, October South was higher at RM2,900 per tonne from RM2,800 previously. -- Bernama

hlk so quiet today, cheer up, give you reps

i am gonna whack kulim liao if like that. ho ho ho... [You must be registered and logged in to see this image.]

thank hlk for the news. + rep!

kulim mar, since when is till disappoint ppl ler....... never

tks sun n xettie ... u 2 going 4 kulim-cc at 0.3 ?

i got 0.03 already. now wait for mom....

hlk wrote:tks sun n xettie ... u 2 going 4 kulim-cc at 0.3 ?

no, i sideline, hmmm, maybe i just paper trade only lar, so I also can post my winning in future